Africa
Standard Chartered Bank reports its highest half-yearly operating profit for five years in the Africa, Middle East region
Standard Chartered PLC (the Group) today releases its financial results for the half-year ending 30 June 2021. Profit before tax grew 37 per ...
News
Nigerian telecoms attract only $417.48 million in investments, 55.7% drop in 2020 – NCC
The Nigerian Telecom industry attracted Foreign Direct Investment (FDI) worth over $417.48 million in 2020, down from over N942.86 million in 2019. This ...
Innovation
SOUTH AFRICA : FNB LAUNCHES APPLE PAY FOR CUSTOMERS
FNB says it now supports Apple Pay, enabling customers to add their cards to the Apple Wallet. Over one million customers use the ...
News
NIGERIA : FCMB GROUP REPORTS N94.2BN REVENUE
FCMB Group Plc has reported gross revenue of N94.2 billion and Profit Before Tax (PBT) of N8.9bn in the first half of 2021. ...
News
Nigeria: First Bank earns N28 billion from electronic banking fees
First Bank of Nigeria Holdings Plc has generated a total revenue of about N28 billion from electronic transactions in the first half of ...
News
MTN appoints Thrive Agric’s CEO, Adia Sowho as its first female CMO
Nigerian Telecommunications giant, MTN has announced the appointment of Thrive Agric’s interim Chief Executive Officer, Adia Sowho as its first female Chief Marketing Officer (CMO). ...
Nigeria
Nigeria: NCC makes clarifications on ‘renewal’ of MTN license
The Nigerian Communications Commission, NCC, has debunked reports that it has renewed MTN Unified Access and Service (UASL) License for another ten years. ...
Nigeria
Nigerian SME lending platform, Payhippo, enters Y Combinator’s Summer 2021 batch
Nigeria-based lending and business financing platform, Payhippo, has been accepted into Y Combinator’s Summer 2021 cohort, joining 167 startups, four of which are African. ...
Kenya
Kenya’s Wapi Pay secures $2.2m pre-seed round to ease payments between Africa and Asia
Kenyan fintech startup, Wapi Pay, has raised a $2.2 million pre-seed fund to facilitate financial transactions between the African and Asian continents. Investors that ...
News
CBN reassures Nigerians of smooth FX supply
The Central Bank of Nigeria has informed the public that it has put in place monitoring measures to guarantee that deposit money banks ...